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Endeavor Silver (NYSE:EXK) reported FY2023 production guidance on Thursday, anticipating production of 5.7M-6.3M oz silver and 36K-40K oz gold for gold equivalent production of 8.6M-9.5M oz. .
Endeavor (EXK) expects all-in sustaining costs of $19-$20/oz silver, with slightly less than in 2022 as comparable sustaining capital, exploration, and general and administrative costs will be allocated to increased production.
The company said it plans to invest $34.7 million in sustaining capital at its two operating mines, the Guanacevi and Bolanitos mines in Mexico, and plans a development budget of $25.7 million for the Terronera project in Mexico.
The miner said the 2023 guidance marks its fourth straight year of output growth and a 25% increase from the midpoint of last year’s original forecast.
Earlier this week, Endeavor Silver (EXK) reported that production for 2022 totaled 6 million ounces of silver and 37.5 thousand ounces of gold, which exceeded the upper range of its guidance.
